888 Holdings reported record $560.3m revenue growth for 2019

17 Apr 2020

888888 Holdings PLC has announced a 6% year-on-year increase in revenue to a record high of $560.3m for 2019. According to its financial results for the year ended 31 December 2019, revenue from the regulated and tax markets stood for 74% at $414.6m.

It is worth noting that the majority of its revenue, totalling $530.5m, derived from B2C operations, including $359.3m from B2C casino which constitutes a 13% rise. Sports betting also went up, 12% to $90m, thanks to 888sport. On the other hand, B2B revenue went down 41% to $29.8m.

It is also worth noting that the company’s EBITDA dropped 14% to $92.1m, whilst the adjusted profit before tax went down to $53.2m; a decline of 39%. Nevertheless, player acquisition rose 22% to over a million new players for the year. The UK was the best-performing market of the firm, as it brought $204.1m of revenue; an increase of 20% compared to 2018 figures.

The CEO of 888 Holdings, Itai Pazner, stated that in spite of the difficulties caused by the increased gaming duties and the challenging conditions in some of their global markets; they managed to deliver a resilient financial performance during 2019, thanks to the combination of technology, compliance and diversification across their regulated markets.

Why choose 888sport

95%+ Payout on Top Leagues
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Market Maker
  • Asian Handicap
  • Alternative HC’s on Tennis & Basketball
  • Lots of outrights
  • Great UX
Play now!
Bet €10, Get €30 in Free Bets + €10 Casino
BOOK SPY
BOOK SPY BONUS REVIEW

Although 888 originally started as a casino & poker operator, in 2008 they brought their sportsbook to the spotlight and since then they keep improving their offering. 888sport has a clear white markets strategy. They now have licenses in the US, Spain, Italy, Sweden and in the UK among others. Although I don't usually comment on UX, design and gamification are amazing. Just 2 clicks are enough to place your live bet, up to 4 are needed for a pre-match wager, while features like Build a Bet, Instant Betting and Market Maker, enhance the betting experience. I love the variety of markets and the intriguing live betting section, which comes with an HD streaming service. The same goes for the variety of payment systems. On the other hand, while their odds are on most occasions around the average rate of what other books offer, they still need improvement on the secondary leagues/bets and on Asian lines. Also, the low limits on withdrawals need to be changed asap. Nonetheless, 888sport ranking is high among the punters and for sure is a sportsbook worth to be trusted and followed.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The Malta Gaming Authority (MGA), the well-respected regulatory body, has introduced a new online platform that will allow bookmakers to report suspic...

Read more »

The Danish gambling market experienced a 5% revenue drop year-on-year (YOY) for Q3 2020. According to figures from the Spillemyndigheden (Danish Gambl...

Read more »

The UK-based bookmaker Spreadex has been named the EGR Awards 2020 spread betting operator of the year. The annual EGR Awards are organized by the eGa...

Read more »

GVC Holdings PLC has embarked on a new sustainable growth strategy that includes the rebranding of the company as Entain and the decision to pull out ...

Read more »

Kambi Group, the renowned provider of sports betting services to licensed online gambling operators, reported €28.1m in revenue for Q3 2020. This mean...

Read more »

The online gambling operator LeoVegas posted its financial results for the three-month period (Q3) up to September 30, 2020. The generated revenue was...

Read more »

Norwich City announced a new betting partnership with the acclaimed bookmaker 888sport. The renowned betting brand does not only have a strong presenc...

Read more »

Alberto Garzón, Spain’s Minister of Consumer Affairs, has informed the top La Liga teams that any gambling-related sponsorship agreement must end at t...

Read more »

  The English Football League (EFL) defends its gambling sponsorships, as the UK government considers a potential prohibition on all betting oper...

Read more »

The world of fighting sports is in line for a massive bout, the first of that magnitude within 2020. The recent pandemic has spoiled many significant ...

Read more »

Latest Betting Offers